Iowa City Real Estate Market Report 2nd Quarter / April - June 2010 compared to April - June 2009
392 homes sold in Iowa City in the 2nd quarter 2010 compared to 313 homes sold in the 2nd Qtr 2009 - That's a 25% increase. The really interesting part is just how many condos sold this year compared to 2009. We have an impressive increase of 62% - Excellent news since we have a market that is saturated with condos. We still have some catching up to do, but this is a great indicator that confidence is rising with consumers ready to buy condos again.
| Average Price Homes Sold April - June 2010 | $188,004 |
| Highest Price Home Sold: | $675,000 |
| Lowest Price Home Sold: | $67,680 |
| Average Price Homes Sold April - June 2009 | $203,351 |
| Highest Price Home Sold: | $665,000 |
| Lowest Price Home Sold: | $72,900 |
I don't use the days on market calculated by the MLS. I use a simple method to calculate the absorption rate/days on market that doesn't manipulate the data. According to that calculation we have 7.7 months of inventory on the market, that's 232 days on market. I should add that this calculation does not take into account the different types of homes, location or different price ranges, so it's not a huge help to you if you're selling your home. If you're selling a home both of those factors would need to be looked at as they play into how many days on market you can expect when you list your home for sale.
If you need to sell your home in Iowa City and would like some advice on how to sell it for the best price in the shortest time please call me anytime at 319-400-0268 or click here to send me your contact details.
For a complete list of homes for sale in Iowa City just send me an email letting me know what you're looking for and I'll send you a list of homes fitting your criteria.
Originally posted @ ichomesforsale.com/realestatemarketreports
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